FOXHAUL LOGISTICS LIMITED

Company Registration Number:
13581185 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2023

Period of accounts

Start date: 01 August 2022

End date: 31 July 2023

FOXHAUL LOGISTICS LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2023

Balance sheet
Notes

FOXHAUL LOGISTICS LIMITED

Balance sheet

As at 31 July 2023


Notes

2023

11 months to 31 July 2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 481,175 284,389
Investments:   0 0
Total fixed assets: 481,175 284,389
Current assets
Stocks: 0 0
Debtors:   434,812 104,296
Cash at bank and in hand: 544,403 138,758
Investments:   0 0
Total current assets: 979,215 243,054
Creditors: amounts falling due within one year:   (481,525) (182,489)
Net current assets (liabilities): 497,690 60,565
Total assets less current liabilities: 978,865 344,954
Creditors: amounts falling due after more than one year: 4 (228,421) (211,553)
Provision for liabilities: (101,073) (21,154)
Total net assets (liabilities): 649,371 112,247
Capital and reserves
Called up share capital: 109 100
Share premium account: 0 0
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: 649,262 112,147
Shareholders funds: 649,371 112,247

The notes form part of these financial statements

FOXHAUL LOGISTICS LIMITED

Balance sheet statements

For the year ending 31 July 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 20 September 2023
and signed on behalf of the board by:

Name: Mitchell Keith Newman
Status: Director

The notes form part of these financial statements

FOXHAUL LOGISTICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Tangible fixed assets and depreciation policy

Tangible assets are stated at their original cost less depreciation. Depreciation is provided at the following rates in order to write off the assets over their estimated useful lives:Motor Vehicles : 20% Straight Line to Estimated Residual ValueTrailers : 10% Straight Line to Estimated Residual ValuePlant & Equipment : 20% Straight Line to Nil

Other accounting policies

Assets held under hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding hire purchase obligations are treated in the balance sheet as a liability. The interest element of hire purchase obligations is charged to the profit and loss account over the period of the agreement at a constant proportion of the outstanding balance of capital repayments

FOXHAUL LOGISTICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

2. Employees

2023 11 months to 31 July 2022
Average number of employees during the period 12 7

FOXHAUL LOGISTICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

3. Tangible Assets

Total
Cost £
At 01 August 2022 303,065
Additions 285,937
Disposals 0
Revaluations 0
Transfers 0
At 31 July 2023 589,002
Depreciation
At 01 August 2022 18,676
Charge for year 89,151
On disposals 0
Other adjustments 0
At 31 July 2023 107,827
Net book value
At 31 July 2023 481,175
At 31 July 2022 284,389

FOXHAUL LOGISTICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

4. Creditors: amounts falling due after more than one year note

Hire Purchase Instalments £178,421 (2022 £151,553)Directors' Loans £50,000 (2022 £60,000)

FOXHAUL LOGISTICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

5. Related party transactions

Name of the related party:
Relationship:
The Directors
Description of the Transaction: The Directors have made loans available to the Company on an interest free basis.The total amount owing on all of these loans as at 31st July 2023 is £50,000 (2022 £60,000).This amount is recorded on the Balance Sheet within creditors falling due after more than one year.The Directors are currently not actively seeking repayment of these loans.
£
Balance at 01 August 2022 60,000
Balance at 31 July 2023 50,000